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Kevin Berryman, Jacobs CFO, said, "Our results demonstrated that we are focused on driving greater financial discipline, improving margins, enhancing working capital performance, and ultimately driving greater returns. Over the past several quarters, we have seen reductions in G&A costs and improved receivables collection performance, resulting in improved cash flows. In 2017, while we anticipate continuing market challenges in certain of our businesses, we expect to benefit from our restructuring savings while simultaneously investing in our growth strategy. We believe this will result in underlying operating profit improvement, resulting in our adjusted EPS guidance for the 2017 fiscal year being in the range of $3.00 to $3.30."

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Nov

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Dec

JECJacobs Engineering

$58.00

-0.15 (-0.26%)

08/10/16

UBSW

08/10/16DOWNGRADETarget $56UBSWNeutral

Jacobs Engineering downgraded to Neutral from Buy at UBS

UBS analyst Steven Fisher downgraded Jacobs Engineering to Neutral citing valuation, "restrained" organic growth amid a lack of customer confidence and near-term uncertainty due to the arbitration case. The analyst raised his price target for the shares to $56 from $53.

08/11/16

JRCO

08/11/16DOWNGRADEJRCOHold

Jacobs Engineering downgraded to Hold from Accumulate at Johnson Rice

11/16/16

DADA

11/16/16DOWNGRADEDADANeutral

Jacobs Engineering downgraded to Neutral from Buy at DA Davidson

11/18/16

DBAB

11/18/16NO CHANGEDBAB

Infrastructure rally has gone 'too far too fast,' says Deutsche Bank

Deutsche Bank analyst Chad Dillard believes the Trump-driven infrastructure rally in the Engineering & Construction space has gone "too far too fast." Post the election, infrastructure E&C shares rose by 20% and price-to-earnings ratios reached prior cyclical peaks, Dillard tells investors in a research note. It looks more likely that funding for a Trump infrastructure plan will be private rather than public, the analyst adds. Dillard notes, however, that he remains positive on the infrastructure theme. He believes the market is being "overly optimistic" towards Jacobs Engineering (JEC) and Fluor (FLR), while shares of AECOM (ACM) still have room to run.